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Third ethanol plant purchased by group

Hankinson Renewable Energy, LLC has been purchased be a group of cooperatively organized ethanol producers known as Murphy USA Inc. Hankinson is the third purchase by the group since 2009. The ethanol plant was acquired for over $170 million in a membership, all-cash purchase agreement. Murphy USA also owns the former VeraSun plant in Janesville, Minn. and a majority stake in another plant in Lima, Ohio. The original article can be seen on the Ethanol Producer Magazine website.

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